Hand Sanitizer (Pharmacies) - Saudi Arabia

  • Saudi Arabia
  • Revenue in the Hand Sanitizer market is projected to reach US$8.34m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.62%, resulting in a market volume of US$9.99m by 2028.
  • In global comparison, most revenue will be generated in China (US$385.20m in 2024).
  • In relation to total population figures, per person revenues of US$0.22 are generated in 2024.

Key regions: Japan, Germany, Europe, Australia, France

 
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Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Saudi Arabia has experienced significant growth in recent years. Customer preferences have shifted towards more convenient and hygienic options, leading to an increased demand for hand sanitizers. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences have played a crucial role in driving the growth of the Hand Sanitizer (Pharmacies) market in Saudi Arabia. With the increasing awareness about the importance of hand hygiene, consumers are seeking convenient and effective ways to keep their hands clean. Hand sanitizers provide a quick and easy solution, especially when soap and water are not readily available. The preference for hand sanitizers has also been influenced by changing lifestyles and the desire for on-the-go hygiene. As a result, the demand for hand sanitizers has been steadily increasing. In addition to changing customer preferences, several trends have emerged in the Hand Sanitizer (Pharmacies) market in Saudi Arabia. One notable trend is the rising popularity of alcohol-based hand sanitizers. These sanitizers are known for their effectiveness in killing germs and bacteria, making them a preferred choice among consumers. Another trend is the increasing demand for natural and organic hand sanitizers. As consumers become more conscious about the ingredients used in personal care products, they are seeking alternatives that are free from harsh chemicals and artificial fragrances. This trend has led to the introduction of a wide range of natural and organic hand sanitizers in the market. Local special circumstances have also contributed to the development of the Hand Sanitizer (Pharmacies) market in Saudi Arabia. The country has a high population density, particularly in urban areas, which increases the risk of the spread of infectious diseases. This has led to a greater emphasis on hand hygiene and the need for effective sanitization products. Additionally, the Hajj pilgrimage, which attracts millions of Muslims from around the world, has further heightened the demand for hand sanitizers. The Saudi government has implemented strict hygiene measures during the pilgrimage, including the provision of hand sanitizers in public areas, to ensure the health and safety of the pilgrims. Underlying macroeconomic factors have also played a role in the growth of the Hand Sanitizer (Pharmacies) market in Saudi Arabia. The country has a strong healthcare infrastructure and a well-established pharmaceutical industry, which has facilitated the production and distribution of hand sanitizers. Additionally, the government has taken proactive measures to promote public health and hygiene, including campaigns and initiatives to raise awareness about the importance of hand sanitization. These factors have created a favorable environment for the growth of the Hand Sanitizer (Pharmacies) market in Saudi Arabia. In conclusion, the Hand Sanitizer (Pharmacies) market in Saudi Arabia has experienced significant growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The increasing awareness about hand hygiene, the popularity of alcohol-based and natural hand sanitizers, the high population density, the Hajj pilgrimage, the strong healthcare infrastructure, and the government's focus on public health have all contributed to the development of the market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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